I agree with all the benefits of bitcoin, but my question is why do we need bitcoin??? Why would most people use bitcoins???
1. Until bitcoin has some great pragmatic benefit, I don't see bitcoin becoming mainstream. Also the USA government has said it won't regulate bitcoin until it becomes mainstream.
2. I like gold since as a way to save, since you can't create gold out of thin air unless your an alchemist or own a star. Where as crypto currency doesn't have scarcity since new ones are always coming out diluting bitcoins value. Take a Look:
http://coinmarketcap.com/all.html
3. Like I said, crypto currencies will be bring about great socio-economic-political change, but still waiting to see a revolutionary crypto currency. Here's a candidate:
http://www.auroracoin.org/
Quote:
Originally Posted by darksoul
You don't have to mine for bitcoin same way you don't have to mine for gold
the distribution of gold or any other kind of wealth distribution had the same characteristics
dont be a crybaby
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